Foreign investor in talks to buy top German steelmaker's assets ThyssenKrupp AG, Germany's largest steelmaker, is in 'intensive talks' with a foreign investor regarding the sale of the civilian parts of its Blohm+Voss unit after failing to reach an agreement with Abu Dhabi MAR.
K-Line in no rush to add larger box ships Kawasaki Kisen Kaisha, Japan's No. 3 container line, said it may take as long as a year to decide on plans for adding larger vessels, even after its two main local rivals signed deals to add big box ships.
Port Klang, PTP move up one rung in top 20 rankings Port Klang and Port of Tanjung Pelepas (PTP) have maintained their top 20 rankings. In a statement on Sunday, Westports Malaysia Sdn Bhd said Port Klang moved up one rung from 14th to 13th spot with 8.87 million twenty-foot equivalent units (TEUs), with Westports contributing 5.57 million TEUs. It said PTP moved up a rung from 17th to 16th place with 6.54 million TEUs.
John Potter selected as President and CEO for the Metropolitan Washington Airports Authority The Board of Directors of the Metropolitan Washington Airports Authority last week selected former Postmaster General John E. (Jack) Potter to be the President/CEO of the Airports ...
Hong Kong Airport Authority sets new records for financial year 2010/2011 The Airport Authority Hong Kong (AAHK) announced that Hong Kong International Airport (HKIA) set new financial and operational records in the financial year ended 31 March 2011, in...
United States: Union Pacific Railroad invests USD 23.1 million for track imrovements in Idaho Union Pacific Railroad will continue improving Idaho's transportation infrastructure with a USD 23.1 million investment in the rail line that runs from Weiser to Mountain Home in t...
New eco-depot of GLS connected to the network Since 14 June parcels are moving on the conveyor belts in the most recent eco-depot of GLS Germany. After a construction period of nine months, about 120 employees started operatio...
Austrian Brau Union increases efficiency with modern warehousing and logistics The Austrian brewery corporation Brau Union is optimising its warehousing and logistics under the direction of T-Systems. Interconnection is the core of Metasyst's warehouse manage...
New road freight hub in Bratislava Dachser has opened a new road freight hub for its European overland transport network in Bratislava, Slovakia, that will target the trade in Central and Eastern Europe. The new log...
Implant Sciences signs testing agreements for Quantum Sniffer QS-B220 Implant Sciences Corporation, a US high technology supplier of systems and sensors for homeland security markets, based in Wilmington, MA, announced last week it had signed agreeme...
Jumbo Shipping delivers its largest ever container crane Jumbo Shipping has delivered a 71-metre-tall and 29-metre-wide container crane to the Port of Sète (France) for its client Eurocrane. Weighing close to 1,200 tonnes and equipped wi...
Dreyer+Timm offers telematics solution for reefer trailers Forwarders, hauliers and logistics experts increasingly notice that cost and competitive advantages can not only be achieved through modern telematics systems for tractors but also...
More truck registrations in Europe In May 178,000 new vans and trucks were registered in Europe. That corresponds to an increase of 25% compared with the reference month of the previous year. According to the Associ...
Japanese government certifies ozone-based ballast water treatment system "FineBallast® OZ", an ozone-based ballast water treatment system co-developed by MOL, MOL Marine Consulting Ltd. and others earned a certificate of compliance from the Japane...
Ralph Coton (Shipowners' Club) is dead Ralph Coton, Business Services Director of the Shipowners' Club, died after a long battle with illness. Coton gained a nautical studies degree at Southampton University and then fo...
New Lloyd's Open Form is timely and practical The two most significant changes introduced by LOF 2011 relate to the publishing of awards and procedures to be followed in respect of salvage services provided to containerships
Capesize values reach eight year low Abundance of vessel availability in large bulk sector hits freight rates and subsequently ship values
Bangladeshi demolition volumes at highest level since early 2009 Chittagong breakers reported as buying 58 vessels in second quarter as industry activity resumes
Secondhand bulk carriers sell for an average $15m Average price per ship sold in second quarter of $15m is lowest since same period of 2009
STX Pan Ocean offloads four bulk carriers for over $55m One 1980s-built capesize and three 1990s-build handysize bulkers sold in secondhand market
Tracking the trackers in Hamburg AIS elite face the fact their monopoly will not last forever as new competition enters market
Asia-Europe rates continue to soften CTS data shows cargo growth also modest
Port state control being told to sharpen its teeth Proposed Brussels guidelines aim to enforce low-sulphur compliance
Brussels insists low-sulphur directive will not be delayed Harmonisation of EU rules with Marpol will go through by 2012, despite imminent recess
RFA fights distraction of scrutiny by bidders Cdre Bill Walworth refuses to see Royal Fleet Auxiliary as cherries to be picked by private sector
Jobs to go as vessels sold off Jobs will go, but RFA will remain biggest employer of UK merchant seafarers, says chief
Germanischer Lloyd shakes up its management structure Revamp aims to lighten the burden of chief executive Erik van der Nordaa
Bullying rife among British and Dutch officers, says maritime union Figure of more than 40% is twice that of all employees in the two countries
Insurance cover launched for corporate killing Policy protects shipowners against claims that could follow from the use of armed guards
Norwegian ship painter leads drive to bring transparency to hull coatings Jotun Hull Performance Solutions wants to develop industry standard amid exaggerated claims from paint makers
Preparation seen as crucial in new UK anti-bribery law The UK Bribery Act became effective on Friday. It covers any person or company doing business in the UK even if the offence was outside the country
Teekay ventures into the offshore wind power market Shipowner seals deal with A2Sea to develop a vessel design for installing turbine foundations
A taste for tea that did a service to shipping Hutchison Port Holding chief John Meredith describes how his father's advice helped to shape his career
Lloyd's appoints new controller of agencies to succeed Bizon Mark Patterson has 30-year background in marine insurance
STX in the frame for $600m boxship order Shipbuilder neither confirms nor denies deal for 15 vessels with government-owned Abu Dhabi National Tanker Co
Protecting the reef Preventing accidents like the Shen Neng 1 grounding on the Great Barrier Reef should start with ensuring crew are not exhausted
Waiting for the unsung hero The trend towards ordering extra-big containerships has its critics, but it is too early to decide who is right
Arctic route open for summer First of up to 15 vessels already on its way from Murmansk to China as ice thaws early
Rotterdam barge shuttle will bypass highway artery's congestion APM Terminals and inland hub DMT offer way around a scheduled four years of roadworks
Irish Continental Group refuses to comment on rumours of stake sale Media reports say board reshuffle at investors One51 may lead to sale of its 12.5% in ICG
Australia expands ship monitoring to protect Great Barrier Reef Monitoring system upgraded to cater for increasing traffic to Queensland ports
Pirates strike twice near Singapore Up to five small pirate craft and one speedboat repelled in attacks on bulker and tugboat
Kirby completes K-Sea acquisition The $604m takeover unites inland and coastwise waterborne transportation
AOD exercises option for second Keppel FELS $184m jack-up Drilling company now has three KFELS B rigs in the pipeline
'K' Line opts out of gigantism trend for box ships JAPAN'S 'K' Line told Fairplay today it has decided to gauge the box market a bit longer before jumping on the ultra-large container ship bandwagon
Transneft assails Bulgaria TRANSNEFT today publicly attacked delays by Bulgaria over the trans-Balkan oil pipeline proposal
IEA crude release fails to move oil markets WEAK US demand is today dashing hope that the IEA's release of oil stocks would drive product tanker freight rates higher
Vale calls VLOC delays 'normal' BRAZIL'S mining giant Vale today told Fairplay it is not disturbed that China Rongsheng missed its delivery target for eight of the 16 VLOCs it ordered this year
Tanker growth seen keeping pace GROWTH in the tanker fleet in 2H11 is likely to maintain the pace of 2011's first six months, according to broker EA Gibson
Russia feels price pinch RUSSIA, the world's largest energy exporter, is beginning to feel the pinch of lower oil and commodity prices
Blohm + Voss could need German aid GERMAN shipbuilder ThyssenKrupp Marine Systems might need government aid to support its Blohm + Voss construction division now that a planned sale to Abu Dhabi Mar has fallen through
For boxes, cheers but tears THE STARTING bell for this year's third quarter has brought cheers to trans-Pacific carriers - but tears for Asia/Europe operators
Athens pulling shipowners into planning ATHENS is reportedly asking Greek shipowners to confer over plans to privatise Greece's ports
Singapore Airlines Pleas Guilty to Price-Fixing Singapore Airlines Cargo will pay a $48 million fine after agreeing to plead guilty to charges the carrier conspired to...
Yes, YRC Worldwide Can Be Saved The June 13 Journal of Commerce cover story on YRC Worldwide did an excellent job of looking at how the...
Big Rainstorms Inundate Logistics When you're already battling historic floods on several rivers at once, any new rain surely pours. That's the scenario railroads...
Laboratories on Wheels For Lucas Oil, a private fleet is more than a means of transportation. It's also a rolling laboratory. ...
Privatizing Truck Capacity When Lucas Oil transportation chief Marty Martin needs a truck, he usually doesn't call a trucking company. He goes out...
NRDC Puts Rails on Notice After blocking Southern California port expansion projects for seven years and forcing ports to address air emissions health risks, the...
Road Narrows for Shippers Excess capacity may be building on the high seas, but it evaporates quickly once freight reaches dry land. Unlike container...
Slow-Steaming Toward the Peak For ocean carriers, the disquieting chatter began in early spring. All the new capacity they had delayed taking delivery of...
DC Dreaming Several years ago, I visited with an executive who wanted his company to become a major player in the logistics...
'No Ships for You!' One reason Seaspan chose Chinese shipyards to build its next generation of big ships was that South Korean shipbuilders were...
Carriers Bullish on Building Despite signs of a cyclical slump in container shipping, a bull market is developing for construction of large, fuel-efficient ships....
No Longer Boxed Out Those large blue boxes with the familiar APL logo that started appearing on U.S. highways and railroads in May aren't...
The PierPass Puzzle Terminal operators in Los Angeles-Long Beach face the conundrum of having to run up to five night and weekend gates...
A Two-Way Trade for Service Guarantees Audiovox Electronics' Pat Moffett is willing to stand behind his commitment to deliver cargo to his carrier in time to...
Washington's Fork in the Road There's an odd disconnect in Washington these days ' even odder than usual ' on how, and how much, to...
Red Tape, Peeled Back Exporting companies are starting to see the fruits of the Obama administration's effort to streamline and modernize the outdated export...
Trade Facilitation Doesn't Add Up Customs and Border Protection is short-handed. At a time when Commissioner Alan Bersin is trying to return Customs to its...
Slipping on the Soft Patch? The industrial commodities sector that fuels factory production is sending worrisome signs to a global shipping business concerned with whether...
Is the eurozone facing a slow death? To many businesses trading in Europe in the final chapter of the 20th Century, a common currency versus the 17 or so different monetary units used within the European Union made sense. The need for constant conversions and the uncertainty of a currency loss or gain before the transaction was complete made for nervous inaccurate budgeting
CMA CGM enters NZ-Asia trade
SAR planning additional rail links in Saudi Arabia
US warned about fragile economy
SITC reveals expansion plans as it posts healthy Q1 profit
APL Logistics expands into the upper Middle East Gulf
Heroic master is honoured Shot and injured Capt Seok Hae-kyun wins award for exceptional bravery that allowd the recapture of the chemical carrier Samho Jewelry.
Wisdom leaves beach Derelict cargoship pulled free from Mumbai sands as it heads to breakers again.
Bharati founders buy Vijay Kumar and PC Kapoor (above) confound exit rumours by upping stakes in Indian shipyard.
STX PO ship saved South Korean navy fights off attack by three pirate boats on bulker STX Azalea off Somalia.
Bigger bill for MSC Prestige VLCC owner's offer to settle costly collision lands containership with a larger share of the cost of going to law.
Wallenius tools up Swedish owner admits it has armed guards on its vessels to deter pirate attacks off Somalia.
Guards ward off attack Armed Greek security personnel deter two Somali skiffs by firing warning shots.
Ultramax deal done An affiliate of China's Sinopacific yard group reportedly inks contracts for four 63,000-dwt bulkers.
Two attacks foiled Robbers fail in bids to raid US bulker and Russian tug off Singapore and Indonesia.
Forest fetching $17m Japan's MC Shipping sells 1999-built handymax into Europe for "reasonably firm" price.
Farstad sells elderly lady Norwegian offshore operator gets boost from $5m sale of Singapore based PSV.
Tanker breaks down Philippines coast guard says crew safe after domestic vessel went adrift 15 miles offshore.
Arpeni gets cash boost Indonesian bulker and tanker owner secures $80m loan to pursue two ship purchases.
Fourth time unlucky Norovirus-like outbreak number four hits Sea Princess after a torrid two months.
Bunker fuel spills into South Korean stream Bunker leak is reported to have occurred in the Gyeonggi Province.
IFO prices fall in Fujairah Avails 'tight' in Durban.
Office move for Dutch supplier Argos Ceebunkers moves with parent company.
Asian fuel oil imports could climb in August West-to-East arbitrage window has opened, say players.
Rotterdam market slightly firmer Prices fall in Piraeus.
Bunker Holding closing in on WFS as global leader Solid annual result shows growth in turnover, profit and equity despite contraction of global marine fuels market.
Military commitment to biofuels 'will shape the market' We can help technologies 'over the hurdle from being just a good idea to being commercially viable,' says US Navy secretary.
Opponents of sulphur rules appeal to US Supreme Court PMSA wants earlier court ruling overturned.
Asian bunker prices down as week opens Mixed demand across major Asian ports.
South Korean bunker volumes stable month-on-month SK Energy continues to produce lower volumes due to scheduled turnaround.
Tanker owners brace for 'white knuckle' ride Owners paying '50% more for bunkers' than a year ago, says shipbroker.
Kochi to improve bunkering facilities Plans is expected to allow suppliers to offer more competitive bunker prices.
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